U.S. gold futures rose 1.3% to $1,849.50 per ounce.
Minutes from the Fed's December policy meeting are due on Wednesday. The Fed raised rates by 50 basis points in December after four consecutive increases of 75 bps each. Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates increase the opportunity cost of holding gold as it pays no interest.
Also on the radar, U.S. December payrolls data due on Friday, which is expected to show that the labour market remains tight.
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